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Santa Fe Industrial Condo For Sale

21 Bisbee Ct, Santa Fe, NM 87508

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For Sale

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Industrial condo with live/work space, high ceilings, and steady income.

Type:Industrial

Property size:

2,557 SF

Lot size:

0.60 Acres

Price / SF:

$179/SF

HighLights

6.61% Cap Rate indicates a strong income‑generating investment.
Versatile live/work space suitable for various business needs.
Functional layout with 12’ roll‑up door, high ceilings, and warehouse space.
Reception/showroom area, kitchenette, and shower included.
Competitive price of $460,000 ($179.90 per square foot).
Located in Santa Fe, NM 87508, in a desirable location.

We can help!

Contact an agent

Joe R. Romero, CCIM

For Sale

Contact for pricing

Industrial condo with live/work space, high ceilings, and steady income.

Type:Industrial

Property size:

2,557 SF

Lot size:

0.60 Acres

Price / SF:

$179/SF

Added:: Feb 24, 2026
Days on Market:: 123
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 21 Bisbee Ct

General Information

Standard status: Active
Size: 2,557 SF
Lot size: 0.60 Acres
Property subtype: Industrial

Building Details

Year Built: 2003

We can help!

Contact an agent

Joe R. Romero, CCIM

Listing office Colliers - Albuquerque, New Mexico

Listing date Feb 24, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Albuquerque, New Mexico

HighLights

6.61% Cap Rate indicates a strong income‑generating investment.
Versatile live/work space suitable for various business needs.
Functional layout with 12’ roll‑up door, high ceilings, and warehouse space.
Reception/showroom area, kitchenette, and shower included.
Competitive price of $460,000 ($179.90 per square foot).
Located in Santa Fe, NM 87508, in a desirable location.

Overview

Located at 21 Bisbee Ct, Unit G in Santa Fe, NM 87508, this industrial condo offers a versatile live/work space. The property features a 12’ roll-up door, signage, and high ceilings in the warehouse area. The unit spans approximately 2,557 square feet and includes a kitchenette, shower, and a reception/showroom area. Situated on a 0.60-acre lot, the property has a parking ratio of 1.96 spaces per 1,000 square feet. The property is suitable for various business needs and presents a lucrative investment opportunity with a cap rate of 6.61%, generating steady income and offering potential for further growth.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$55.2k	$21.60
− Vacancy	−$8.3k	−$3.24
EGI	$46.9k	$18.36
− OpEx	−$11.7k	−$4.59
NOI	$35.2k	$13.77

2,557 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$503.0K

$440.1K – $586.8K (±1% cap)

NOI $35,210 @ 7.0% cap · market cap 7.65%

Second Best

Flex RnD

$384.6K

$336.6K – $448.8K (±1% cap)

NOI $26,925 @ 7.0% cap · market cap 5.85%

Theoretical Best

Office A

$694.3K

$607.5K – $810.1K (±1% cap)

NOI $48,603 @ 7.0% cap · market cap 10.57%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Mar Oil & Gas ... Transportation Infrastructure Counterpoint Realty LLC Real Estate Agency The Color Bar Hair Salon Santa Fe Cider ... Production Facility Pinon Properties and Real ... Real Estate Agency

Suggested Use

Location Insight

Map
Local Demand

City: Santa Fe
County: Santa Fe
State: New Mexico
Longitude: -106.04196
Latitude: 35.596897

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For sale
Flex space
NM
Santa Fe
87508
21 Bisbee Ct

What type of property is this?

Flex space - Industrial condo with live/work space, high ceilings, and steady income.

Where is this flex space located?

The property is located at 21 Bisbee Ct Santa Fe, NM.

What is the asking price?

The asking price for this property is $460,000.

What are key features of this property?

This property features: 6.61% Cap Rate indicates a strong income‑generating investment.; Versatile live/work space suitable for various business needs.; Functional layout with **12’ roll‑up door, high ceilings, and warehouse space.**